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US Senate Passes GENIUS Act: First Federal Stablecoin Framework Enacted

CoinDeskMay 20, 20264,821 views47 comments

Summary

The Guiding and Establishing National Innovation for US Stablecoins Act clears the Senate 68-32, establishing a federal licensing regime for payment stablecoin issuers and mandating 1:1 reserve backing.

This article is aggregated from CoinDesk. The full article is available at the original source.

This represents a curated summary. StablecoinHub aggregates news from authoritative sources including The Block, CoinDesk, Ledger Insights, Central Banking publication, BIS Working Papers, and official press releases from regulatory bodies including MAS, ECB, FCA, FRB, IMF, and FSB.

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